Parallel Systems, Inc. is a Los Angeles-based transportation technology company founded in 2020 that develops autonomous, battery-electric rail vehicles designed to modernize freight transportation. The company’s mission is to shift freight from trucks to rail by enabling cleaner, safer, and more cost-effective short-haul rail service using modular, self-propelled rail vehicles that operate on existing rail infrastructure.
Transportation infrastructure modernization, freight rail innovation, autonomous vehicle regulation, clean energy and electrification, greenhouse gas emissions reduction, and federal and state support for rail decarbonization and advanced transportation technologies.
Venture capital funding from private investors including Series A and Series B financing rounds, as well as federal research grants.
Breakthrough Energy Ventures, Collaborative Fund, Congruent Ventures, Anthos Capital, Microsoft, The Engine, and co-founder and CEO Matt Soule.
Private company
